As for the reason behind Chang’s decision to resign, the release says he is leaving due to “personal career path.” His resignation is effective starting today, February 14th. HTC has seen its stock price continue to fall from a high of 1,300 NT ($44.56 USD) on April 29th, 2011 to its current price of 59.90 NT ($2.03 USD). Last month, HTC closed on its transaction with Google, which means that the company received $1.1 billion from the search giant in return for its Pixel division, and a non-exclusive license allowing Google to use some of HTC’s patents.

“We can confirm Chialin Chang has resigned from his position as President of the Smartphone and Connected Devices Business at HTC. We thank him for his dedication to the Company for the last six years and wish him well in his future endeavors.”-HTC

So far, HTC has not named a successor to Chang. Hopefully, the company will find someone who can help HTC revisit its glory days when it was one of the top smartphone manufacturers in the world.